International Game Technology Expands Sports Betting Footprint In Wisconsin
Portfolio Pulse from Shivani Kumaresan
International Game Technology PLC (IGT) has announced a multi-year agreement with the St. Croix Chippewa Indians of Wisconsin to expand its sports betting footprint in the state. IGT PlaySports technology will power retail sports betting at three St. Croix Casino locations. The casinos will also use IGT's trading advisory services and deploy self-service IGT PlaySports QuickBet Kiosks.
July 24, 2023 | 1:38 pm
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POSITIVE IMPACT
IGT's expansion of its sports betting services in Wisconsin through a multi-year agreement could potentially increase its revenues and market share in the region.
The news of IGT's expansion in Wisconsin is directly relevant to the company and its operations. The multi-year agreement could potentially increase IGT's revenues and market share in the region, which could positively impact its stock price. The company's shares traded higher by 1.00% at $33.33 on the last check Monday, indicating positive market sentiment towards this news.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100